Road goods transport is the shipment or transportation of products across a road. This is one of the most used methods of freight transportation. Pick-up trucks, lorry tanks, refrigerated trucks, truck trailers and flatbed trucks are all types of road freight transportation vehicles. This way of transporting things is less expensive, more efficient, and provides door-to-door service. Road freight transit is widely used in industries such as food and beverage, automotive, chemicals, oil and gas, and healthcare.
According to SPER market research, ‘Argentina Road Freight Transport Market Size – By Destination, By End-User Industry – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Argentina Road Freight Transport Market is predicted to reach USD 130.86 billion by 2033 with a CAGR of 8.25%.
Drivers: The rapid growth of e-commerce has increased demand for efficient and timely delivery services, which is driving the road freight sector. According to the International Trade Administration, e-commerce activity in pesos has grown tenfold since 2000. Argentina has more than 37 million internet users, the third largest percentage in Latin America behind Brazil and Mexico. According to the Argentine Chamber of Information and Communications (CICOMRA), by 2022, Argentina will have 26 million urban households with access to computers, with 82% connected to the internet. Nine out of ten persons own a mobile phone, and nine out of ten access the internet. WiFi connections are becoming more common in both public and private settings as network capacity expands.
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Challenges: Road travel is affected by the weather and seasonal variations. For instance, snow, rain, and flooding can render roads impassable. In this instance, delivery on the highways becomes risky, and the reliability of the goods provided declines. In addition, there are a lot of traffic incidents, and driving by car carries a high chance of mishaps or breakdowns. It lacks the reliability and security of rail as a result. It is challenging to manage and move a large weight while driving. There is always a chance of overloading and costly mishaps in this situation.
The market for goods transit in Argentina has been significantly impacted by the Covid-19 outbreak. Trade volumes declined as a result of the early lockdowns and restrictions that disrupted global supply lines. But the sector swiftly adjusted to the new normal, putting safety procedures in place, digitising procedures, and handling the spike in demand for e-commerce. The pandemic has brought attention to the significance of strong supply chain resilience and has expedited the use of technology in the logistics industry.
Argentina Road Freight Transport Market Key Players:
The Buenos Aires metropolitan area has the biggest market share in Argentina’s road freight transportation market. This region contains the capital city and its surrounding areas, which serve as significant economic, commerce, and logistics hubs. Moreover, the leading firms in the market are Logistica Urbana S.A, Tasa Logistica, Andreani Logistica S.A, Organizaicon Coordinadora Argentina S.R.L, and Others.
Argentina Road Freight Transport Market Segmentation:
By Destination: Based on the Destination, Argentina Road Freight Transport Market is segmented as; Domestic, Cross Border/ International.
By End User Industry: Based on the End User Industry, Argentina Road Freight Transport Market is segmented as; Manufacturing, Food and Beverages, Automotive, Healthcare, Distributive Trade, Others.
By Region: This research includes data for Buenos Aires Region, Litoral Region, Northern Region, Cordoba Region, Cuyo Region, Patagonia Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Argentina Road Freight Transport Market Outlook
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